Categories AlphaGraphs, Earnings, Health Care

Key highlights from CVS Health (CVS) Q2 2020 earnings results

CVS Health Corporation (NYSE: CVS) reported second quarter 2020 earnings results today.

Total revenues increased 3% to $65.3 billion, driven by growth across all segments.

The COVID-19 pandemic negatively affected results in the Pharmacy Services and Retail/LTC segments as new therapy prescriptions dropped due to lower provider visits.

Net income grew 54.6% to $2.9 billion, or $2.26 per share. Adjusted EPS totaled $2.64.

CVS raised its GAAP EPS guidance range to $5.59-5.72 from $5.47-5.60 and adjusted EPS guidance range to $7.14-7.27 from $7.04-7.17.

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CVS Health reports Q1 2020 earnings results
CVS health Q4 2019 earnings infographic

Looking for more insights on the earnings results? Click here to access the full transcripts of the latest earnings conference calls!

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